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.s. presidential debate. it really focused mostly on the economy. with a mnt to onth to go before election, both men had to prove to voters that they're the right man for the country. john harwood got a firsthand view of the debate and filed this report from denver. >> the first of three presidential debates here at the university of denver was a strong one for mitt romney. he came out very aggressively in confronting president obama on his record over the last four years, taking on on the president over his failure to reduce the budget deficit, over job creation, over obamacare, over the regulation of wall street and dodd-frank. had some success in pulling the election back from a choice election as president obama wants to be about their visions going forward into a referendum on president obama's record in the first four years. mitt romney looked very comfortable and pleased to be on the stage. he knows that he only has a few weeks left to go to reverse president obama's lead. president obama on the other hand did not always look so pleased to be challenged the way romney was challenging him.
, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're not three weeks into qe-3 yet and the populous mind set of the markets is that we're done qe-3, let's move on to whatever's next. qe-3 is in my opinion very different from previous qes. the feds tip toe down a path of what i call nominal gdp targeting. we're tying it directly to real economic outcomes. so they're saying they're not going away and they've opened the door to it already without considering more. so it's a big thing and it's particularly helpful to the housing market. and it may have some consequences for short term inflation expectations. i think it's a big one and it's very good for asset prices particularly equities. >> we'll go to russia in a second. if you ca
of having a market that's at least respectable. >> we're also counting down to an election right now. you seem to view the prospect of a romney resurgence rather positive. why? >> i don't believe that another four years of what we've just seen is going to get us out of the woods. for that reason, i think it's time for a change. if i look at what obama is projecting, it will be higher taxes, higher debt, and it will bei be not much else other than more government spending. and that won't make the difference. so i think fiscal uncertainty has to be removed in order for the corporates to spend the huge amount of cash that they're holding. and at this point not investing. the fiscal -- i don't want to call it the fiscal cliff because that's not so important. the question is getting certainty into the situation for corporates to invest again. >> okay, good to have you on on. plenty more to come from you. but what do you think the jobs number will be? let us know. e-mail or tweet us. so just over an hour into the trading day here in europe. let's show you where we stand. just weighted to the up
elections coming up in the regions, too, they could be almost in terms of the requirements from the ecb breaking against that before the first review. so what does the ecb do in terms of bond purchases given that they're meant to suspend them? does it mean we have to see additional reform measureses? the message from brussels has already been that they can't ask more from them from 2012, but it's another open question. now, bringing it back to the banking sector as you mentioned, 60 billion euros for these banks in an adverse scenario. spaniards believe that they can get the banks to raise 20 billion euros themselves and banco has kicked off with a 2.5 billion euro capital raise. that leaves 40 billion to come from the 100 billion that's been allotted. the other thing that we need to find out is what will happen with the bad bank and we're expecting details on that. just what is the value of as sets that will transfer into that. so information on that this week, plenty to come from spain. back to you guys how, hoe. >> and it's just me unfortunately. i should have said earlier, kelly has
, it is a case of when, not if. we start to look back at potentially october 21st, the elections again. meeting the german prime minister, they are pointing out this is a regular meeting. i think irrespective of this bailout there's going to be plenty to discuss there. he's also just behind me, just went into the meeting this morning, he's presenting the details of the stress test to congress here. as you mentioned, moody's came out this week and said their adverse scenario could see actually the requirements for these banks needing to double the levels in that stress test, so again, perhaps, failing to draw a line in the crisis in the banking sector, too. so plenty of work for prime minister rajoy to do. back to you. >> we know there's been a number of attempts by the spanish government to try and bring integrity to the banking system, so it seems as though there's an enormous onus now on the spanish government to try and sell this at home. >> absolutely. they've made this point that $20 billion suggested in that oliver wineman report can be issued by the banks. said they were going to do a ca
Search Results 0 to 4 of about 5